Current Attempt in Progress Debra King started her own consulting firm, Debra Consulting, on May 1, 2022. The following transactions occurred during the month of May. May 1 Debra invested $6,000 cash in the business. 2 Paid $950 for office rent for the month. 3 Purchased $500 of supplies on account. 5 Paid $130 to advertise in the County News. 9 Received $3,800 cash for services performed. 22222230 12 Withdrew $1,100 cash for personal use. 15 17 26 Performed $5,000 of services on account. Paid $2,100 for employee salaries. Made a partial payment of $300 for the supplies purchased on account on May 3. Received a cash payment of $3,500 for services performed on account on May 15. Borrowed $4,900 from the bank on a note payable. 29 Purchased equipment for $4,300 on account. Paid $300 for utilities. Date 1 $ Cash S 9 12 15 17 20 20 23 26 29 30 6A CA $ Accounts Receivable Assets CA $ CA Supplies LA FA $ Equipn LA $ Liabilities and Owner's Equity (A DEBRA CONSULTING Balance Sheet Assets GA Prepare an income statement for the month of May. DEBRA CONSULTING Income Statement +A $ $